focus on strengthening its own governance, enhancing organizational efficiency and effectiveness, and adhering to the Sufficiency Philosophy principles, namely, reasonableness, moderation, and self
strategies, plans and targets. b) Ensuring robust system for risk management and internal control c) Clearly defining management’s responsibilities d) Overseeing appropriate policies and plans for resource
accounting department who prepares financial statements, auditors, the corporate governance of the entity that reports the financial statements, and other factors. Financial statements preparers control the
reporting lines are clearly defined in conformity with the good internal control principle. We also emphasize thorough, accurate and regular disclosures on risk management and capital to the public. 3 Details
Statistical Highlights Audit Committee Statement Report on Internal Control over Financial Statements Financial Statements Appellate Committee Arbitrators Sub-committees 2 3 4 6 8 11 21 27 30 34 41 50 58 70 76
to the rest of the firm. By reinforcing the importance of audit quality and its underlying factors such as the firm’s quality control procedures, the firm leaders would influence their staff to
extrapolation of the recent past leads to subequent return reversal Momentum High expected growth firms are more sensitive to shocks to expected growth Investor over-confidence and self-attribution bias leads to
effectiveness of pandemic control and vaccine development, the economic damage may be worse than what was seen during the 1997 financial crisis. Given volatility in the financial market and real sector which had
Appendices Statistical Highlights Report of the SEC Board on Internal Control over Financial Reporting Audit Committee Report Report of the Auditors and Financial Statements Sub-committees Arbitrators 41 50 56
forthcoming liberalization within five years. Message from the Secretary-General 4 not only empowered businesses but also furthered the moves toward the SEC's much anticipated self- regulation. On social